November 1-15, 2003 Edition Home: http://www.authorlink.com
In this section: Adobe Systems Inc. Adobe Sales Projections for 2004 Higher Than Expected
NEW YORK, NY/10/28/03San Jose-based Adobe Systems Inc. predicts sales of about $1.43 billion for 2004, thus beating analysts' estimates of about $1.37 billion. The performance is based on a stronger than anticipated demand for new editions of its desktop publishing software, including Adobe Creative Suite, Illustrator, InDesign, and Photoshop.
Fiscal fourth-quarter revenue is expected to be approximately $350 million, and earnings per share should rise from 30 cents to 32 cents.